49 Road 3150Aztec, NM 87410

Property Details for 49 Road 3150

Year built

2007

Lot size

66.15 AC

Property size (Sq ft)

5,041 SF

Property type

Office properties

APN

2068173180129

APU

2068173180129

Description

This exceptional 76.15-acre commercial property in Aztec, New Mexico, presents a significant investment opportunity. Located conveniently off Road 350, the expansive lot encompasses a total of 3,310,560 square feet. The property boasts two existing buildings, offering immediate utility and potential for expansion. The larger building comprises 5,040 square feet, thoughtfully divided into 2,600 square feet of office space and 2,440 square feet of shop/warehouse area. A second building provides an additional 2,536 square feet of versatile space. While originally planned as a land farm, this versatile property has never been utilized for agricultural purposes, according to the owner, leaving its future use entirely open to the buyer's vision. The asking price for this substantial land holding is $695,000. The property's strategic location and existing infrastructure make it ideal for a wide range of commercial ventures, presenting a unique chance to acquire a significant asset in a growing New Mexico market. The property is situated at 49 Road 3150, Aztec, NM 87410.

• CAP approach

  CAP return

  Valuation

  6%

  $948,385

  6.5%

  $875,432

  7%

  $812,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,117,363

  Geo Method

  $416,487

• Alternative Use

  Use

  Valuation

  Residential

  $1,085,536

  Hospitality

  $994,345

  Educational

  $827,283

  Medical

  $855,735

  Retail

  $1,286,885

Location Insight

City

Aztec

County

San Juan

State

New Mexico

Latitude

36.7504

Longitude

-108.065

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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